Turmeric is usually used in cooking to add a spicy flavour to food, but it can also be used to treat gastric problems and to heal scars. Lecturers and students at Đông Á College have successfully developed a cold-drying process for turmeric and a method to extract oil from the peel.
Long Hậu Corporation officially commenced construction of its first hi-tech ready-built factories for rent on Thursday.
The central city of Đà Nẵng and Danapha Pharmaceutical JSC have launched a herb farm in a rural mountainous area near the city to provide products used in oriental medicine.
State Budget allocation for some infrastructure construction is among preferential policies and regulations that the Prime Minister has approved for the Đà Nẵng Hi-Tech Park in a new decision.
The central city’s Đà Nẵng Pharmaceutical joint-stock company (Danapha) has invested VNĐ80 billion (nearly US$3.5 million) to set up production line of the Golden Star Balm product for exporting to Russia and East European market.
The central city has invested VNĐ363 billion (US$16 million) to complete infrastructure in the second stage of the 1,010-hectare Hi-Tech Park in Hòa Vang District, 20km west of the city.
Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, as well as its potential in 2016-17.
Economic experts say enterprises in Viet Nam will face fierce competition under the ASEAN Economic Community, so they should establish relationships with large firms in the region and globally in order to better develop their businesses.